Senior Citizens Housing Development Corporation of Sullivan County Inc

Analysis

Senior Citizens Housing Development Corporation of Sullivan County Inc is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Senior Citizens Housing Development Corporation of Sullivan County Inc reported income of $211k and spending of $261k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $174k to $211k (+21%), an average of +3.9% a year. The sharpest change came in the year to December 2019, when income rose by 18%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Citizens Housing Development Corporation of Sullivan County Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within NH. Charities of a similar size with the same main cause include Wesley at Graceland Inc ($211k), Bil Housing Development Fund Company Inc ($211k) and Glendale Housing Corporation ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $529k against liabilities of $1.6m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.